Question: ( IRR ) Jella Cosmetics is considering a project that costs 5 0 0 , 0 0 0 $ and that is expected to last

(IRR) Jella Cosmetics is considering a project that costs 500,000$ and that is expected to last for 5 years and produce future free cash flows of 175,000$ per year. If the appropriate discount rate for this project is 23
percent, what is the project's IRR?

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